Renewable energy to grow to new record in 2022

12 May 2022 CW Team

The world is en route to setting a new record for renewable power capacity this year. This has been led by solar energy in China and Europe, however, as per reports from Paris-based IEA (International Energy Agency), growth could lose steam in 2023.

A record 295 GW of new renewable power capacity has been added in 2021 despite supply chain bottlenecks, construction delays and high prices of raw materials and an additional 320 GW has been expected to be installed this year, which for comparison is equivalent to the electricity demand of Germany or the European Union's total electricity generation from natural gas. Solar energy will account for 60 per cent of renewable power growth in 2022, ahead of wind and hydropower, according to reports. In the absence of stronger policies, the amount of renewable power capacity added worldwide may plateau in 2023.

Real Estate

14 May 2026

AIDO Launches Smart Hotel Lock for Hospitality Spaces

AIDO, an endorsed brand of dormakaba, has launched the AIDO Hotel Lock, designed to improve secure and seamless access management across hotels, serviced residences and institutional spaces. The solution combines smart security, operational efficiency and contemporary design to support modern hospitality requirements.The lock features integrated electronic mortise functionality, reverse lifting handle locking and compatibility with third-party property management system platforms, enabling smoother room access and check-in operations. Powered by 6V DC with four AA alkaline batteries, it offers..

Häfele Unveils Zenith Digital Lock

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KBL Revenue Rises 11 Per Cent in Q4 FY26

Kirloskar Brothers Limited reported consolidated revenue from operations of Rs 14.15 billion for Q4 FY26, compared to Rs 12.81 billion in Q4 FY25, registering around 11 per cent year-on-year growth. Consolidated Profit Before Tax stood at Rs 1.47 billion, against Rs 1.27 billion in the corresponding quarter last year. Profit After Tax stood at Rs 1.04 billion, compared to Rs 1.12 billion in Q4 FY25.For FY26, consolidated revenue from operations stood at Rs 45.38 billion, compared to Rs 44.92 billion in FY25. Consolidated Profit After Tax for the year was Rs 3.61 billion, against Rs 4.03 billio..